17 Cedar AvenueMiddletownNJ07748
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Middletown at 17 Cedar Avenue, Middletown, NJ, 07748 priced at $434,000 converts $2,971/mo rent into after a $2,124/mo obligation. Total monthly income equals $2,971/mo. Return on cash invested prints 18.89% in year one, and rental yield reads 8.21% against a $434,000 entry. Equity gained on principal adds $2,801/yr, while 5% annual appreciation compiles into $119,906 by year five. Five-year ROI reaches 98.6% and total cumulative return in cash sums $141,862. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,971/mo property income covering a $2,124/mo payment, not borrower’s personal income.
Single Family
Built in 1928
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07748, Middletown, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,569 (100%) |
| Owner Occupied HU | 8,539 (80.8%) |
| Renter Occupied HU | 1,624 (15.4%) |
| Vacant Housing Units | 406 ( 3.8%) |
| Median Home Value | $669,839 |
| Average Home Value | $691,050 |
Housing Distribution
Address Breakdown
Residential
10,267
Single Family
9,923
Multi-Family
344
Businesses
719
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Listed by: Toni Ann Callari • C21 Thomson & Co.
Mls Name: MOMLS
Mls Provider:
Mls ID: #22523332
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.